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Shell CEO: Here’s what will help Europe avoid economic disaster

Shell CEO: Here's what will help Europe avoid economic disaster

Europe must help each other to confront the Russian game with gas – Believes president coincidenceHe gave an extensive interview with the daily newspaper “De Telegraaf”. In his opinion, the Dutch government is doing well in preparing for winter and declares that his company will play an “important role” in supplying energy to Europe. Van Beurden It reminds us of the construction of new LNG terminals in Emshavn in the Netherlands and new projects in Kazakhstan and Oman. Shell accounts for about 15 percent of global LNG trade.

Should EU countries take gas from other countries?

Head of concern also notes that EU countries have to get the issue Gas other countriesmainly from Asia. The problem is that we don’t have much spare capacity in LNG unlike OPEC for oil. If Europe needs more gas, it has to take it from other countries. China needs less now because of the coronavirus pandemic, but this probably won’t last for long – says the Dutchman.

On Thursday, the giant oil and gas company announced its data for the second quarter. Show that concern increased profitability and achieved Earning 11.5 billion dollars. In the same period last year, it more than halved ($5.5 billion). These good results are due to the high oil prices and Gas.

Andrzej Pawluszek from Amsterdam

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